Hi Becks
I've got a copy of this too......what % profit target does your copy suggest, and stake size per trade? The copy I have is old, and I believe they've adjusted certain parts of the system since the original.
Cheers
Cashmaster PIE
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Hi Becks
I've got a copy of this too......what % profit target does your copy suggest, and stake size per trade? The copy I have is old, and I believe they've adjusted certain parts of the system since the original.
Cheers
Hi there Greggy,
Just finished some back-testing on this and I do think it is the real deal. Actually placed some trades in the last few weeks, but only in my demo a/c.
My manual is from Feb 2015 and the % target is 5%, although it talks about having a lower % if required. Stake depends upon size of bank, attitude to risk etc. There's a table to work it out e.g.
Bank %Risk Max risk Index price Stake
£10k 14 1400 11200 1.25
Personally I would change a few things, such as using a trailing stop loss.
Did a dummy DAX trade a few weeks ago @ 12595. Price is now 12870 so rather than leave the stop loss at 11865 as per original setup, I moved it up to 12750 to protect the profit so far.
I'd also change the time a trade is open. I would prefer to close a trade at the quarter end rather than roll over, but that's just me tweaking things.
Hope that helps
Becks
Hi Becks
Do you divide the max risk into the index price to get the stake size?
Thanks
The other way round actually, divide the max risk by 10% of the index price. Or in excel:
=SUM(M39)/(N39*0.1)
Where M39 = max risk column
Where N39 = index price
And don't forget you can always have a different % risk. For back testing I was using the 14% the author used, but for some real trades I've done 10%, but equally you could use 7.5% or even 5%.
I'm thinking of starting a separate thread purely for HAV trading
Cheers
Becks
Cheers Thanks Becks,
Hi Becks
Could you email please if you don't mind, I wanted to ask some questions about PIE, I've bought a copy of the manual.
Thanks
Greg
[email protected]
I'm afraid I've no wish to get involved in private email chats. I've done this sort of thing before and the questions never stop and I didn't even get a thank you from one person, just like my previous reply to you!
I suggest you contact the person your purchased the manual from and ask them your questions
Hi Becks100
Are you going to start a thread on HAV as you mention earlier
For clarity i have had HAV for a few years but never got around to trading it.
It would be interesting to see if different rules to the ones in the manual could be used successfully
Best Panda
Are you going to start a thread on HAV as you mention earlier
For clarity i have had HAV for a few years but never got around to trading it.
It would be interesting to see if different rules to the ones in the manual could be used successfully
Best Panda
Hi Panda,
I did and then forgot about it! I'll get onto it this weekend. I definitely think there's something good about this. I've just has 2 demo trades close out this week after hitting their targets.
Regards
Becks
PIE in the sky
PIE traders have been told to stop trading it due to the volatility (lol!). Unbelievable. And meanwhile, the said PIE marketeers have been trying to sell another course by another company called magnetic. You couldn't make this up.
Magnetic traders are so good, this is what they said about the ftse today:
The market has already priced in a rate rise today however what is important is if there is any indication of future rate rises in the UK. If seen sterling will rally and the FTSE will crash down to 7300 over the coming sessions. It would be unlikely but if there was no rate rise today then the pound would crash and likewise the FTSE would rally significantly. This is an unlikely scenario.
Did they not notice the GBP pricing in the rate rise since 27th October!!?? you cannot look at the ftse without looking at the GBP. Is it then reasonable to suggest the £ will rally on such news given the Brexit background and weakening economic expectations? No, it is not.
Honestly, I tear my hair out when I see these so called professional traders giving such ridiculous advice, passing over customer to customer, selling each others courses. Be warned and stay very very clear!
PIE traders have been told to stop trading it due to the volatility (lol!). Unbelievable. And meanwhile, the said PIE marketeers have been trying to sell another course by another company called magnetic. You couldn't make this up.
Magnetic traders are so good, this is what they said about the ftse today:
The market has already priced in a rate rise today however what is important is if there is any indication of future rate rises in the UK. If seen sterling will rally and the FTSE will crash down to 7300 over the coming sessions. It would be unlikely but if there was no rate rise today then the pound would crash and likewise the FTSE would rally significantly. This is an unlikely scenario.
Did they not notice the GBP pricing in the rate rise since 27th October!!?? you cannot look at the ftse without looking at the GBP. Is it then reasonable to suggest the £ will rally on such news given the Brexit background and weakening economic expectations? No, it is not.
Honestly, I tear my hair out when I see these so called professional traders giving such ridiculous advice, passing over customer to customer, selling each others courses. Be warned and stay very very clear!
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Yeah you've gotta laugh when they're promoting each other's courses and at £3-£4,000 per course.
The jokers at Magnetic are saying you can earn 2-3% per month trading PIE and they claim they are doing it!! Which just about sums up their honesty and credibility.
timewilde69
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if you have still have your copy of PIE Trading that you are interested in selling let me know. thanks tim
Hi Tim,
If you send me a private message (click on Becks100 just above the number of posts) and Ill pass on the contact details for my cousin.
Regards
Becks
timewilde69
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apparantly i don't have sufficient privileges to send a private message! you can send me a message at edwilde69atgmaildotcom
Hi,
I have a set of PIE manuals for sale, if you are interested please contact me [email protected]
Regards
Pete
I have a set of PIE manuals for sale, if you are interested please contact me [email protected]
Regards
Pete
Not working for you then ?
Hi Panda,
I've been using the standard method for 2+ years and I'm very happy with it, I'm managing my retirement funds so I tend to be conservative and target 10-15%.
I have also adapted it to my own risk-profile and knowledge of the markets as others appear to have done in this forum.
With the current historically-low volatility it does mean that returns are towards the low end but they are still acceptable, and I have no doubt that an increase in volatility will resume in the near future
If anyone has any questions please get in touch via email.
Kind Regards
Pete
